Parma, Ohio Commercial Real Estate 1 Listing

Parma, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Parma, Ohio, situated in Cuyahoga County, is a burgeoning hub for commercial real estate (CRE), thanks to its strategic location, diverse economy, and robust infrastructure. As the seventh-largest city in Ohio, Parma offers a compelling mix of industrial, office, and retail spaces, making it an attractive destination for investors and businesses alike. Its proximity to Cleveland and the presence of major industry clusters, such as manufacturing and healthcare, enhance its CRE appeal.

Economic and Industry Overview

Parma's economy is anchored by key industries, including healthcare, manufacturing, and logistics, driving demand for various commercial property types. The city's manufacturing sector is particularly strong, with numerous facilities requiring industrial spaces, while the healthcare industry fuels demand for office and medical properties. Economic development initiatives by the Cuyahoga County Department of Development further bolster Parma's appeal by supporting business growth and innovation.

Strategic Location and Transportation Infrastructure

Parma boasts a strategic location with excellent connectivity, providing significant logistical advantages. Key transportation assets include:

Highways: Interstate 480 and State Route 176 facilitate seamless regional and interstate access.
Airports: The nearby Cleveland Hopkins International Airport offers global connectivity.
Rail: The city's access to rail lines supports efficient freight movement.

These transportation networks position Parma as a logistical hub, enhancing its attractiveness for distribution and proximity to labor pools. For more information, visit the Ohio Department of Transportation.

Commercial Real Estate Inventory & Zoning

Parma features diverse CRE submarkets, including:

CBD: Central Business District with significant office and retail spaces.
Industrial Corridors: Areas dedicated to manufacturing and logistics.
Innovation Districts: Zones supporting tech and research developments.

Key asset classes in Parma include industrial, retail, and medical properties. Notable zoning changes and incentives, such as tax abatements, further entice developers. Access Parma's zoning maps and parcel viewers for detailed information.

Major Employers and Institutions

Parma is home to several major employers that drive CRE demand:

Cleveland Clinic: A leading healthcare provider.
General Motors: Significant presence in the manufacturing sector.
University Hospitals: Contributes to the demand for medical office spaces.

Additionally, institutions like Cuyahoga Community College bolster the local economy. Explore the City of Parma Business Directory for more insights.

Notable Commercial Developments & Projects

Parma is witnessing several large-scale developments, including:

Mixed-Use Projects: Developments combining retail, office, and residential spaces.
Innovation Parks: Fostering technology and research advancements.
Opportunity Zones: Designated areas providing tax incentives for investment.

Public-private partnerships play a crucial role in these projects. For more details, visit the Parma Planning Department.

Building Permits, Planning, and Development Tools

Key resources for developers and investors include:

Market Data & Economic Reports

Access valuable public data sets to inform your investment decisions:

Brevitas leverages AI-powered aggregation from public data and internal insights to provide comprehensive market data. Explore Brevitas-powered dashboards for Parma.

Why Use Brevitas for Parma, Ohio CRE?

Brevitas offers a suite of AI-driven tools for CRE professionals, including:

AI-Driven CRE Discovery: Tailored property searches and real-time market alerts.
Smart Property Pages: Enhanced listings with detailed insights.
Dealroom Collaboration: Seamless collaboration with brokers and developers.
Exclusive Listings and Premium Exposure: Unique opportunities and visibility.

With auto-generated listing pages, email and landing page tools, and integration capabilities, Brevitas is your go-to marketplace for Parma, Ohio commercial real estate.